Business & Finance
Business and Finance
Business and Finance
Wed, February 22, 2012
Tue, February 21, 2012 BB&T Corporation declares 16-cent second-quarter dividend
BB&T Corporation declares 16-cent second-quarter dividend -- WINSTON-SALEM, N.C., Feb. 21, 2012 /PRNewswire/ --
BB&T Corporation declares 16-cent second-quarter dividend
WINSTON-SALEM, N.C., Feb. 21, 2012 /PRNewswire/ -- The board of directors of BB&T Corporation (NYSE: [ BBT ]) today declared the 2012 second-quarter dividend of $0.16 per common share. At this quarterly rate, the annual dividend is equivalent to $0.64 per common share.
The dividend will be paid May 1, 2012, to shareholders of record as of April 6, 2012. It has paid a cash dividend to shareholders every year since 1903. The company has approximately 697 million shares outstanding.
About BB&T
BB&T Corporation (NYSE: [ BBT ]) is one of the largest financial services holding companies in the U.S. with $174.6 billion in assets and market capitalization of $17.5 billion, as of Dec. 31, 2011. Based in Winston-Salem, N.C., the company operates approximately 1,800 financial centers in 12 states and Washington, D.C., and offers a full range of consumer and commercial banking, securities brokerage, asset management, mortgage and insurance products and services. A Fortune 500 company, BB&T is consistently recognized for outstanding client satisfaction by J.D. Power and Associates, the U.S. Small Business Administration, Greenwich Associates and others. More information about BB&T and its full line of products and services is available at [ www.BBT.com ].
SOURCE BB&T Corporation
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